Question

In: Accounting

Financial Statement

Prepare the Balance Sheet from the information that has been provided.

Solutions

Expert Solution

BAILEY DELIVERY COMPANY INC.
Balance Sheet
Assets
Liabilities
Current Assets:
 
Current Liabilities:
 
Cash
154200
Note Payable
18000
Notes Receivable
4500
 
 
Total Current Assets
158700
Total Current Liabilties
18000
Non-Current Assets:
 
Long Term Note Payable
7000
Land
13500
Total Liabilities
25000
Truck
14800
Stockholder's Equity
 
Total Non-Current Assets
28300
Common Stock
18000
 
 
Paid in Capital In Excess
of Par Value
144000
 
 
Total Stockholder's Equity
162000
Total Assets
187000
Total Liabilities and Stockholder's Equity
187000

Balance Sheet totals $187,000.

Soumik Mallick Choudhury answered 3 years ago
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